Senior Accountant, Modern Chemicals and Services Company Ltd, Saudi Arabia
(September 2013 to Present)
- Manage monthly closing process, including reconciliations and analysis of related accounts;
- Prepare and analyze monthly and quarterly Financials in accordance with IFRS to specific deadlines, both consolidated and location wise;
- Prepare and submit various group reports including monthly cash forecast and aged receivables along with receivables movement as per Group calendar;
- Prepare monthly Magnitude reports for the Group and report on SAP after review;
- Prepare monthly variance reports (P&L and Cash flows) from the established budget (or forecast) for management and give reasons for those variances;
- Record intercompany transactions, reconcile intercompany (IC) balances and report on SAP on a semi-annual basis;
- Support the Financial Controller in preparing the annual budget through preparing the required data /analysis and uploading on SAP;
- Provide daily cash positions;
- Prepare and submit various internal reports including sales summary report, weekly cash balance, payables and receivables reports etc.;
- Prepare and record asset, liability, revenue, and expenses entries by compiling and analyzing account information and process staff expenses;
- Maintain and update fixed assets register as well as prepayments, interests, payables, advances and accrued expenses schedules;
- Book sales invoices and inventory transactions in the absence of related staff;
- Prepare CAPEX requests for submission to Group and maintain track of requests;
- Coordinate the preparation of annual tax returns;
- Calculate and book the exchange gain/loss on foreign currency transactions on semi-annual basis;
- Participate in the annual audit preparation with the Financial Controller;
- Coordinate with external and internal auditors by providing all the needed financial records, data and information to ensure accuracy of reports;
- Handle ad hoc assignments as directed by management;
- Checking the overtime calculations prepared by HR department;
- Reconcile and maintain balance sheet accounts;
- Maintain a well-managed structured filing system of financial transactions in order to comply with auditing standards;
- Interface with other departments to clarify accounting data and issues;
- Send weekly status email to CFO regarding reports submitted for the week and due reports for the next week;
- Follow up on various tasks and outstanding issues in a timely manner; and
- Support other team members whenever required so as to ensure an effective teamwork of the finance department and other departments.
